Quick
Facts
- NAME: Mark Zuckerberg
- OCCUPATION: Entrepreneur, Computer Programmer, Philanthropist
- BIRTH DATE: May 14, 1984 (Age: 29)
- EDUCATION: Phillips Exeter Academy, Harvard University
- PLACE OF BIRTH: White Plains, New York
- Full Name: Mark Elliot Zuckerberg
- AKA: Mark Zuckerberg
- ZODIAC SIGN: Taurus
Best
Known For
Mark Zuckerberg is co-founder and
CEO of the social-networking website Facebook, as well as one of the world's
youngest billionaires.
Mark Zuckerberg biography
Synopsis
Born on May 14, 1984, in White
Plains, New York, Mark Zuckerberg co-founded the social-networking website
Facebook out of his college dorm room. He left Harvard after his sophomore year
to concentrate on the site, the user base of which has grown to more than 250
million people, making Zuckerberg a billionaire. The birth of Facebook was
recently portrayed in the film The Social Network.
Early
Life
Mark Elliot Zuckerberg was born on
May 14, 1984, in White Plains, New York, into a comfortable, well-educated
family, and raised in the nearby village of Dobbs Ferry. His father, Edward
Zuckerberg, ran a dental practice attached to the family's home. His mother,
Karen, worked as a psychiatrist before the birth of the couple's four
children—Mark, Randi, Donna and Arielle.
Zuckerberg developed an interest in
computers at an early age; when he was about 12, he used Atari BASIC to create
a messaging program he named "Zucknet." His father used the program in
his dental office, so that the receptionist could inform him of a new patient
without yelling across the room. The family also used Zucknet to communicate
within the house. Together with his friends, he also created computer games
just for fun. "I had a bunch of friends who were artists," he said.
"They'd come over, draw stuff, and I'd build a game out of it."
To keep up with Mark's burgeoning
interest in computers, his parents hired private computer tutor David Newman to
come to the house once a week and work with Mark. Newman later told reporters
that it was hard to stay ahead of the prodigy, who began taking graduate
courses at nearby Mercy College around this same time.
Zuckerberg later studied at Phillips
Exeter Academy, an exclusive preparatory school in New Hampshire. There he
showed talent in fencing, becoming the captain of the school's team. He also
excelled in literature, earning a diploma in classics. Yet Zuckerberg remained
fascinated by computers, and continued to work on developing new programs.
While still in high school, he created an early version of the music software
Pandora, which he called Synapse. Several companies—including AOL and
Microsoft—expressed an interest in buying the software, and hiring the teenager
before graduation. He declined the offers.
Time
at Harvard
After graduating from Exeter in
2002, Zuckerberg enrolled at Harvard University. By his sophomore year at the
ivy league institution, he had developed a reputation as the go-to software
developer on campus. It was at that time that he built a program called
CourseMatch, which helped students choose their classes based on the course
selections of other users. He also invented Facemash, which compared the
pictures of two students on campus and allowed users to vote on which one was
more attractive. The program became wildly popular, but was later shut down by
the school administration after it was deemed inappropriate.
Based on the buzz of his previous
projects, three of his fellow students—Divya Narendra, and twins Cameron and
Tyler Winklevoss—sought him out to work on an idea for a social networking site
they called Harvard Connection.
This site was designed to use
information from Harvard's student networks in order to create a dating site
for the Harvard elite. Zuckerberg agreed to help with the project, but soon
dropped out to work on his own social networking site with friends Dustin
Moskovitz, Chris Hughes and Eduardo Saverin.
Zuckerberg and his friends created a
site that allowed users to create their own profiles, upload photos, and
communicate with other users. The group ran the site—first called The
Facebook—out of a dorm room at Harvard until June 2004. After his sophomore
year, Zuckerberg dropped out of college to devote himself to Facebook full
time, moving the company to Palo Alto, California. By the end of 2004, Facebook
had 1 million users.
The
Rise of Facebook
In 2005, Zuckerberg's enterprise
received a huge boost from the venture capital firm Accel Partners. Accel
invested $12.7 million into the network, which at the time was open only to ivy
league students. Zuckerberg's company then granted access to other colleges,
high school and international schools, pushing the site's membership to more
than 5.5 million users by December 2005. The site then began attracting the
interest of other companies, who wanted to advertize with the popular social
hub. Not wanting to sell out, Zuckerberg turned down offers from companies such
as Yahoo! and MTV Networks. Instead, he focused on expanding the site, opening
up his project to outside developers and adding more features.
Zuckerberg seemed to be going
nowhere but up, however in 2006, the business mogul faced his first big hurdle.
The creators of Harvard Connection claimed that Zuckerberg stole their idea,
and insisted the software developer needed to pay for their business losses.
Zuckerberg maintained that the ideas were based on two very different types of
social networks but, after lawyers searched Zuckerberg's records, incriminating
Instant Messages revealed that Zuckerberg may have intentionally stolen the
intellectual property of Harvard Connection and offered Facebook users' private
information to his friends.
Zuckerberg later apologized for the
incriminating messages, saying he regretted them. "If you're going to go on
to build a service that is influential and that a lot of people rely on, then
you need to be mature, right?" he said in an interview with The New
Yorker. "I think I've grown and learned a lot."
Although an initial settlement of
$65 million was reached between the two parties, the legal dispute over the
matter continued well into 2011, after Narendra and the Winklevosses claimed
they were misled in regards to the value of their stock.
Zuckerberg faced yet another
personal challenge when the 2009 book The Accidental Billionaires, by
writer Ben Mezrich, hit stores. Mezrich was heavily criticized for his
re-telling of Zuckerberg's story, which used invented scenes, re-imagined
dialogue and fictional characters. Regardless of how true-to-life the story
was, Mezrich managed to sell the rights of the tale to screenwriter Aaron
Sorkin, and the critically acclaimed film The Social Network received
eight Academy Award nominations.
Zuckerberg objected strongly to the
film's narrative, and later told a reporter at The New Yorker that many
of the details in the film were inaccurate. For example, Zuckerberg has been
dating longtime girlfriend Priscilla Chan, a Chinese-American medical student
he met at Harvard, since 2003. He also said he never had interest in joining any
of the final clubs. "It's interesting what stuff they focused on getting
right; like, every single shirt and fleece that I had in that movie is actually
a shirt or fleece that I own," Zuckerberg told a reporter at a start-up
conference in 2010. "So there's all this stuff that they got wrong and a
bunch of random details that they got right."
Yet Zuckerberg and Facebook
continued to succeed, in spite of the criticism. Time magazine named him
Person of the Year in 2010, and Vanity Fair placed him at the top of
their New Establishment list. Forbes also ranked Zuckerberg at No.
35—beating out Apple CEO Steve Jobs—on its "400" list, estimating his
net worth to be $6.9 billion.
Philanthropic
Causes
Since amassing his sizeable fortune,
Zuckerberg has used his millions to fund a variety of philanthropic causes. The
most notable examples came in 2010. In September of that year, he donated $100
million to save the failing Newark Public Schools system in New Jersey. Then,
in December 2010, Zuckerberg signed the "Giving Pledge", promising to
donate at least 50 percent of his wealth to charity over the course of his
lifetime. Other Giving Pledge members include Bill Gates, Warren Buffett and
George Lucas. After his donation, Zuckerberg called on other young, wealthy
entrepreneurs to follow suit. "With a generation of younger folks who have
thrived on the success of their companies, there is a big opportunity for many
of us to give back earlier in our lifetime and see the impact of our
philanthropic efforts," he said.
Going
Public
Zuckerberg made two major life
changes in May 2012. Facebook had its initial public offering, which raised $16
billion, making it the biggest internet IPO in history. How Zuckerberg's
company will handle this influx of cash remains to be seen. But Zuckerberg may
be looking at more acquisitions. He personally negotiated the company deal to
buy Instragram the previous month.
After the initial success of the
IPO, the Facebook stock price dropped somewhat in the early days of trading.
But Zuckerberg is expected to weather any ups and downs in his company's market
performance. He holds more than a quarter of its stock and retains 57 percent
control of the voting shares.
On May 19, 2012—a day after the
IPO—Zuckerberg wed his longtime girlfriend, Priscilla Chan. About 100 people
gathered at the couple's Palo Alto, California home. The guests thought they
were there to celebrate Chan's graduation from medical school, but instead they
witnessed Zuckerberg and Chan exchange vows.
In May 2013, Facebook made the Fortune
500 list for the first time—making Zuckerberg, at the age of 28, the youngest
CEO on the list.
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